Stella and Dot is no longer operating in Europe
You may have noticed that Stella and Dot is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about Stella and Dot, or you may have seen it on social media, and you may have heard that they are closing their European operations.
I want to let you know, first of all, that I am NOT promoting Stella and Dot as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about Stella and Dot in my Stella and Dot Review – now you can learn all you need to know about it.
Is Stella and Dot really a legit business?
Is Stella and Dot a safe business to join?
Let me show you in my review of Stella and Dot.
Get started by reading my review below.
Exactly What Is Stella and Dot?
Stella and Dot, one of the most recognizable brands in the MLM jewelry niche, recently announced that it will no longer be doing business in Europe as a result of lost profits.
Pounds and euros have been weakening in value over in the country, and because of this, Stella and Dot is not seeing figures it needs to keep the business going in the part of the world.
According to the company, sales in Europe are scheduled to be stopped on April 7, 2019.
From that point forward, the company’s stylist (aka affiliates) will no longer be able to sell Stella and Dot products and/or earn commissions from them.
How bad is the the currency situation right now? According to a letter that Stella and Dot founder Jessica Herrin sent out, the euro went down 4.4% in value over the last 12 months while the pound saw a decrease of 6.3%. Because of this, Stella and Dot is now seeing a loss in Europe when it normally sees a profit.
Part of Jessica’s letter reads:
>Hoping for the economic climate to recover, we continued to invest in our Europe business. However, as the market remains uncertain into 2019, we have had to make this difficult decision.”
It’s unclear if Stella and Dot will ever return to Europe, but with the country currently facing uncertainty in the political realm and various concerns surrounding Brexit, it could be a while before that option is ever on the table.
If you want to read Jessica Herrin’s letter in its entirety, it goes as follows:
“Dear European Stella & Dot Stylists,
As we step into 2019 we are steadfast in our belief in our mission, business and community.
Helping women earn flexible income in Europe has been a labor of love. However, after countless deliberations, it is with a heavy heart that I announce we will be exiting the European market.
Sadly, the market conditions in Europe have become very difficult. In the last few years, the British Pound and Euro have devalued against the US Dollar by almost 20 percent, causing a deep decline in our margin, while at the same time operating costs increased.
Our once profitable European business has been operating at a loss. Hoping for the economic climate to recover, we continued to invest in our European business. However, as the market remains uncertain into 2019, we have had to make this difficult decision.
It is of the utmost importance to us to exit the European market gracefully, for both you and our customers. You will be able to continue to sell product and earn commissions per our Compensation Plan until 7th April 2019.
You will also continue to earn team sales commissions and we will honor all promotions through 7th April 2019. You will then have access to your Stylist Lounge and reports through 17th May 2019.
For more details we welcome you to use these support resources and invite you to join one of our Video Zoom Chats so we may share our gratitude for you, our sadness for this news and our firm commitment to help you throughout this transition.
We want to thank you for being our partners throughout this journey. We are honored to have collectively helped European women earn significant income over the past seven years.
We have laughed, cried, danced, achieved and celebrated together. It has been an extraordinary adventure. I would like to personally wish you every success in the future with all of my heart, and I thank you for daring greatly with us.
Is Stella and Dot A Scam?
If you have heard that Stella and Dot is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is Stella and Dot a scam?
I would say not exactly. However, there are some things to be aware of before joining, which I have detailed in the conclusion.
You will only be successful by recognizing the weaknesses and finding a way to move past them.
Conclusion For My Stella and Dot Review
I definitely hope you have found value in my Review of Stella and Dot.
I went into a lot of detail so that you can make a proper decision about whether you want to join or not.
If you do decide to proceed with Stella and Dot, make sure you take the time to learn how to market yourself!
My training below can help you with that.